Zhejiang Shibao Company Limited’s Net Profit Dropped 28.6% in 2022

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net profit of 18.3 million yuan in 2022, down 28.6% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 17.7% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 42.5%.